1886年5美元纸钞 PMG Gem Unc 65 EPQ

1886年5美元纸钞 PMG Gem Unc 65 EPQ

Fr. 260. 1886 $5 Silver Certificate. PMG Gem Uncirculated 65 EPQ.，Bright and fresh with very nice color and superb eye appeal. The centering is just a trifle uneven, but the margins are all comfortably broad. This is an unusually high-grade example of a distinctive and very popular note.

The 1886 $5 Silver Certificate is among the types best known to coin collectors for its distinctive back design featuring five Morgan silver dollars, arguably one of the most popular U.S. coin series. The back speaks to the specific coins that backed these certificates, millions of silver dollars held in the vaults of the Treasury Department that were the result of the 1878 Bland-Allison Act. As with all of the fancy back types, this one is beautifully designed with ornate borders and fine security lathe work. Interestingly, as pointed out by Q. David Bowers in his <em>Whitman Encyclopedia of U.S. Paper Money</em>, the four reverses of the silver dollars were each individually engraved, without use of a transfer process. Close study reveals minor differences in the two at left, and the two at right.

This note has a provenance back to Willis O. Crosswhite, one of the charter members of the Cincinnati Numismatic Association, a group founded in 1930 in anticipation of drawing the 1931 American Numismatic Association Convention to Cincinnati. He was vice president of Southwestern Publishing Company and described in the charter membership roster of the Association as "a financier" and "ardent collector of coins and currency." The Association hosted the 1931 ANA Convention, and Crosswhite was reported as the lone member of the Publication Committee, an appropriate fit for his business and collecting interests. According to the 1954 New Netherlands sale catalog that featured his paper money, it was more of a hoard than a collection. Nonetheless, it is clear from the present note that within his boxes were pieces of substantial quality and appeal that will be highly appreciated today.

Just 66 pieces have been graded by PMG, and notably only six of them have been ranked as Uncirculated, placing the lofty grade of this note into proper context and once again highlighting the skill of the collector of the Vanderbilt notes in selecting the finest quality for his collection. Gem examples of this Friedberg variety are prohibitively rare. PMG has graded only three, with just one of them finer than this note by a single grade point. <p>，From the A.J. Vanderbilt Collection. Earlier from the Willis O. Crosswhite Collection, New Netherlands Coin Company, April 1954, lot 296; Stacks Fixed Price List, January 1989.，